LT Foods Ltd, a leading global FMCG company known for its flagship brand DAAWAT®, has reported strong financial performance for the first half of FY26, showcasing double-digit growth across all major segments.
Key Financial Highlights – Q2 FY26 (Consolidated)
- Revenue: ₹2,772 crore (up 30% YoY)
- Gross Profit: ₹948 crore (up 30% YoY)
- EBITDA: ₹316 crore (up 24% YoY)
- PAT: ₹164 crore (up 9% YoY)
- Cash Profit: ₹224 crore (up 15% YoY)
Key Financial Highlights – H1 FY26
- Revenue: ₹5,273 crore (up 25% YoY)
- Gross Profit: ₹1,815 crore (up 27% YoY)
- EBITDA: ₹619 crore (up 20% YoY)
- PAT: ₹332 crore (up 9% YoY)
- Cash Profit: ₹445 crore (up 13% YoY)
Strong Growth Across Core Segments
The company’s Basmati and Specialty Rice business delivered a 24% YoY growth in H1 FY26 (11.4% normalized, excluding Golden Star and U.S. tariff impact). Growth was driven by increased brand investment and marketing initiatives that strengthened consumer trust globally.
The Organic foods segment grew 26% YoY, reflecting rising global demand for sustainable and healthy food options.
In India, LT Foods continues to dominate the packaged rice segment with DAAWAT® holding a 26.1% market share (MAT September 2025, AC Nielsen). The brand also maintains leadership across most E-commerce and Q-commerce platforms, supported by digital-first campaigns.
The company further expanded its Ready-to-Cook (RTC) and Ready-to-Eat (RTE) portfolio with the launch of DAAWAT® Thai Green Curry Rice Kit.
International Expansion and Strategic Acquisitions
In the U.S., flagship brand Royal® now commands over 54% market share, strengthening its leadership as the #1 Jasmine Rice brand following the acquisition of Golden Star.
Europe and the U.K. recorded 31% YoY growth, supported by growing demand and increased distribution reach.
LT Foods also announced the €25 million acquisition of Global Green Kft., marking its entry into the canned food business. This move aligns with the company’s long-term strategy to expand its packaged foods and RTH/RTE offerings, while deepening its footprint in Central and Southern Europe.
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